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Oil prices gain over renewed hopes of US-China trade deal
Aug. 27, 2019
Source: Reuters

Oil prices gain over renewed hopes of US-China trade deal

Oil prices edged up in the international market on Tuesday, supported by President Trump’s positive comments on US-China trade deal. Brent crude LCOc1 climbed 0.55%, to $59.02 a barrel. U.S. WTI CLc1 was traded 0.67% higher, at $54 a barrel. President Trump yesterday said that he believed China was sincere about their commitment to arrive at an agreement. Chinese Vice Premier also reassured about reaching a deal through “calm” negotiations.

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